Missing Maldivian pilgrim found after four days

A 75-year-old Maldivian pilgrim who went missing in Mecca has been found after four days, local media reports.

The government-owned Hajj Corporation said Ali Mohamed, from Haa Alif Baarah, was found this morning at the Masjid al-Haram or sacred mosque in Mecca that surrounds the Kaaba (House of God).

Mohamed had been praying at the mosque for the past four days and was unable to find his way out, Hajj Corporation managing director Yameen Idhrees told Haveeru.

Idhrees said Mohamed is in good health and that the corporation is making arrangements to send the pilgrim to join the rest of the group in Medina.

A total of 1,396 Maldivians are in Saudi Arabia to perform the Umra pilgrimage during the holy fasting month of Ramadan. Some 315 pilgrims are under the care of the Hajj Corporation while others are traveling with private Hajj groups.

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Saudi company studying feasibility of Sharia-compliant resort

Saudia Arabia’s Al Khozoma Management Company is conducting a feasibility study to develop a Sharia-compliant resort in the Maldives.

“It is an Islamic country and fits our philosophy. Also, it’s a preferred destination for Arab and GCC [Gulf Cooperation Council] markets, so it makes sense,” the group’s hospitality division vice president Hussein Ali Hatata told Hotelier Middle East.

According to the March 2015 quarterly report by the tourism ministry, tourist arrivals from the Middle East increased by 46.7 percent in the first three months of 2015 compared to the same period last year.

Some 4,120 holidaymakers from the Middle East visited the Maldives this year, representing a market share of 3.7 percent.

In January 2014, the ADK company in association with Turkish hotel giant Caprice Gold announced plans to build the first Islamic resort in the Maldives.

The five-star, 673-room resort was to be built on Shaviyani Atoll Gaakoshibee. However, the two companies reportedly cancelled the agreement late last year.

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Maldives obtains US$20m from Saudi Arabia to manage cash flow

The Maldives has obtained a US$20 million grant from Saudi Arabia for budget support, despite official figures indicating record levels of income and the economic ministry saying it has authorised US$600 million worth of foreign investment this year.

Finance minister Abdulla Jihad told Minivan News today that the Saudi funds will be used to “manage cash flow” as revenue was lower than expected.

A large portion of forecast revenue is expected later in the year, he said, adding that shortfalls are currently plugged through sale of treasury bills.

The forecast for government income in this year’s record MVR24.3 billion (US$1.5 billion) budget is MVR21.5 billion (US$1.3 billion).

The projected revenue includes MVR3.4 billion (US$220 million) anticipated from new revenue raising measures, including revisions of import duty rates, the introduction of a “green tax”, acquisition fees from investments in special economic zones (SEZs), and leasing 10 islands for resort development.

Import duties hikes came into effect on April 1. However, three weeks later, the government reversed hikes for motorcycles and garments. Jihad said revenue from custom duties will be lower than expected as a result of the policy reversal.

Jihad also said acquisition fees from SEZs are expected during the second half of the year.

Tax revenue

The Maldives Inland Revenue Authority (MIRA) said today that the revenue collected in April was 6.5 percent above forecasts and 14.9 percent higher than the same period last year.

Total revenue last month reached MVR940.3 million (US$60.9 million), with goods and services tax accounting for 70 percent of income. Total revenue collected so far this year has reached MVR4.6 billion (US$298 million).

The customs authority also collected MVR574 million (US$37 million) during the first quarter of 2015 as import duties, fees, and fines, representing a 28 percent increase from the previous year.

Further figures by the MIRA show revenue from taxes have been higher than expected in the first quarter of 2015.

The central bank, the Maldives Monetary Authority, meanwhile says business activity in the tourism, construction, wholesale, and retail sectors increased during the first quarter of 2015, and expects further improvements in the second quarter.

Foreign investment

The economic development ministry revealed today that it has authorised foreign investments worth nearly US$600 million this year, and says it is expecting US$1.8 billion worth of foreign investments in the next five years

Registrar of companies Mariyam Wisham told the press that most foreign businesses registered between January and April were investors interested in the tourism, construction, and real estate sectors. The investors were mainly from the Middle East, South Asia, and China, she said.

Economic development minister Mohamed Saeed said the number of foreign businesses registered under the current administration showed investor confidence in the Maldives.

Wisham also revealed that 5,014 new small and medium-sized enterprises have been registered so far this year following the enactment of a new company registration law last year.

But the opposition has criticised the lack of significant foreign investments despite assurances from the government following the passage of its flagship SEZ legislation in August last year.

The government signed a Memorandum of Understanding in March with Dubai Ports World to develop a commercial port and free trade zone near Malé and said a joint venture agreement will be signed in a month.

However, Saeed told the press today that an extension has been agreed upon for negotiations, citing the government’s unwillingness to compromise “national issues” as the reason for the delay.

The main opposition Maldivian Democratic Party has alleged corruption in the deal.

Saudi-Maldives relations

The Saudi Arabian government had pledged the US$20 million during president Abdulla Yameen’s state visit to the kingdom in March.

Contrary to Jihad’s statement that the Saudi funds will be used to manage cash flow, fisheries minister Dr Mohamed Shainee told Haveeru today that the US$20 million in grant aid will be “spent through the budget on various projects the government wants.”

A delegation including officials from the Saudi Fund for Development as well as Saudi contractors meanwhile visited the Maldives last week and gathered information on the various projects for which the government is seeking loan assistance.

The projects included road construction at the airport, an airport hotel, and a road network for Hulhumalé, Shainee said.

Shainee has previously said the Saudi Arabian government also assured loan assistance to develop the international airport.

During the visit, President Yameen held talks with King Salman bin Abdulaziz Al-Saud and Saudi Arabian ministers for education, defence, petroleum and mineral resources, and finance.

Then-Crown Prince Salman had visited the Maldives in March last year. During the trip, he pledged US$1.2 million to build 10 mosques across the country and donated US$1.5 million and US$1 million, respectively, to the health sector and the Islamic ministry’s waqf fund.

Prince Salman also visited the Maldives in April 2010. He ascended to the Saudi throne in January following the death of King Abdullah bin Abdulaziz.

A joint communique issued during president Yameen’s visit stated that the two sides agreed to increase “their commercial exchange while expanding and enhancing investment between the two countries and extending invitations to their respective private sectors to explore the available investment opportunities in both countries.”

“The Saudi Fund for Development will continue to finance the development projects in the Republic of Maldives and will consider participating in the expansion of Malé airport and beach preservation in Hulhumalé,” it added.

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Saudi Arabia assured loan assistance for airport development, says Dr Shainee

Saudi Arabia has assured loan assistance at a low interest rate from the Saudi Fund to develop the Ibrahim Nasir International Airport (INIA), Minister of Fisheries and Agriculture Dr Mohamed Shainee has revealed.

Speaking to reporters at the airport yesterday after accompanying President Abdulla Yameen during a state visit to the kingdom, Dr Shainee said Saudi Arabia has offered a lower interest rate than other parties the government has approached.

“They have indicated they would give us a loan with about two percent [interest],” he said.

A Maldivian delegation would depart for Saudi Arabia in the next week for further discussions, he added.

Last month, the government revealed that the estimated cost of the INIA development and expansion project was US$845 million. The government had previously announced it was seeking a US$600million loan from China and Japan for airport development.

While a project for building a second runway has been awarded to Chinese Beijing Urban Construction Group (BUCG), development of the airport terminal was awarded to Japanese Taisei Corporation.

61324_7af2b0d2-b_President Yameen meanwhile told journalists that several bilateral agreements between Saudi Arabia and Maldives would be signed in the next two months.

The Maldives sought assistance in various fields, such as education, health, and foreign investment, Yameen said, and “constructive” discussions took place with government ministers during the visit.

During the state visit – made at the invitation of the Saudi king – President Yameen met the Saudi Arabian ministers for education, defence, petroleum and mineral resources, and finance.

The Saudi Arabian government has pledged 150 scholarships for Maldivian students to pursue higher education in Saudi institutions, he noted, stressing that relations between the countries have been significantly strengthened as a result of the visit.

Reject “foreign interference”

A joint communique issued on March 18 noted that President Yameen “held talks with the Custodian of 61346_742a4339-6_the Two Holy Mosques King Salman bin Abdulaziz Al-Saud in an amicable atmosphere that reflected the bonds of brotherhood that unite the two countries and the excellent relations between them.”

“The two sides confirmed their intentions to continue fortifying their bilateral cooperation in all fields including foreign affairs, defence, Islamic affairs, judiciary, economy, commerce, investment, education, and health for the purpose of accomplishing their common interests and providing support to the issues of the Muslim nation, while rejecting any foreign interference in their internal affairs,” read the communique.

“To this end, the Kingdom of Saudi Arabia has agreed to open an embassy in the Republic of Maldives.”

It also stated that the two sides agreed to increase “their commercial exchange while expanding and enhancing investment between the two countries and extending invitations to their respective private sectors to explore the available investment opportunities in both countries.”

“The Saudi Fund for Development will continue to finance the development projects in the Republic of Maldives and will consider participating in the expansion of Malé airport and beache preservation in Hulhumalé,” it added.

President Yameen meanwhile “emphasised that the Kingdom of Saudi Arabia is the primary partner of the Republic of Maldives.”

Islamic Minister Dr Mohamed Shaheem Ali Saeed told the press that the Saudi government has agreed to increase the Maldives quota from 1,000 pilgrims at present to 2,000 next year.

President Yameen also requested a plot of land in Mecca to construct a hotel for Maldivian pilgrims, Shaheem revealed, the Saudi government agreed to allocate land.

Moreover, the Saudi government would assist with the establishment of an Islamic University in the Maldives, he added.

King Salman asked for an agreement to be signed between the Maldivian Islamic ministry and the Saudi counterpart in order to provide assistance in Islamic affairs, Shaheem said.

The communique also noted that the “two sides have agreed to finalise the procedures leading to the signing of an agreement in Islamic affairs between the two countries.”

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President Yameen in Saudi Arabia on state visit

President Abdulla Yameen and First Lady Fathimath Ibrahim today departed Malé on a  state visit to Saudi Arabia on the invitation of King Salman bin Abdul Aziz Al-Saud.

The Saudi King received President Yameen and the First Lady on arrival at the King Khalid International Airport in Riyadh.

A state luncheon is to be hosted in honor of President Yameen, the President’s Office has said.

The President is to meet with Saudi Arabia’s Defense Minister, Petroleum and Mineral Resources Minister, Education Minister, Finance Minister, and Islamic Minister during his visit.

Maldives Development Alliance’s Leader MP Ahmed Siyam Siyam Mohamed, Minister of Fisheries and Agriculture Dr. Mohamed Shainee, and Minister of Islamic Affairs Dr. Mohamed Shaheem Ali Saeed accompanied the Maldives president.

King Salman assumed the Saudi throne after the King Abdulla Bin Abdulaziz al Saud died on January 23.

During a 2014 visit, then-Crown Prince Salman announced a US$1.2million grant for the construction of ten mosques. He also donated US$1million for the “Vaguf” fund and US$1.5 million for the health sector.

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High level delegation to pay last respects to late Saudi King Abdullah

A high level delegation from the Maldivian government has travelled to Saudi Arabia to pay respects and offer condolences to the royal family and people of Saudi Arabia on the passing of King Abdullah bin Abdulaziz Al Saud.

The delegation includes Vice President Dr Mohamed Jameel Ahmed, Minister of Islamic Affairs Dr Mohamed Shaheem Ali Saeed, and Minister at the President’s Office Abdulla Ameen and is scheduled to meet the new Saudi King Salman bin Abdulaziz.

Meanwhile President Abdulla Yameen described King Abdullah bin Abdulaziz as “a leader of exceptional quality and courage” following the monarch’s passing on January 24, after a lung infection.

“With the King’s passing away, a light on enlightenment in the world has gone. His demise would be a great loss to his people, to the Muslim Ummah, and to the entire world,” said Yameen.

King Abdullah has been succeeded by his 79-year-old brother Salman bin Abdulaziz, who visited the Maldives in February last year before donating MVR18.4 million (US$ 1.2 million) for 10 new mosques in the islands.

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King Abdullah “a leader of exceptional quality and courage”, says President Yameen

President Abdulla Yameen has described Saudi Arabia’s King Abdullah bin Abdulaziz as “a leader of exceptional quality and courage” following the monarch’s passing yesterday (January 24) after a lung infection.

“With the King’s passing away, a light on enlightenment in the world has gone. His demise would be a great loss to his people, to the Muslim Ummah, and to the entire world,” said Yameen.

Flags throughout the Maldives national flag will be flown at half mast for three days, while funeral prayers were held for the leader – believed to have been around 90-years-old – yesterday evening.

King Abdulla has been succeeded by his 79-year-old brother Salman bin Abdulaziz, who visited the Maldives in February last year before donating MVR18.4 million (US$ 1.2 million) for 10 new mosques in the islands.

During the trip, the then Prince Salman expressed his desire to assist the Maldivian government to preserve the Islamic identity of the nation, adding that the Arab kingdom sees the Maldives as a country of ‘special importance’.

As part of the government’s policy of enhancing ties with the Arab world, a Saudi delegation of government officials and private businessmen visited the Maldives last month – reportedly after a request made by President Yameen to King Abdullah.

Yameen yesterday praised King Abdullah’s 2002 peace plan for the establishment of the state in Palestine, saying the plan remains the “fundamental document guiding any discussion on the topic”. The plan proposed  the normalisation of Israeli-Arab relations in return for full withdrawal from the occupied territories.

“Similarly, the King’s tireless efforts and his personal interests in promoting dialogue and understanding among different cultures and religions are recognized around the world,” said Yameen.

“Most importantly, the King was the architect of several important initiatives in Saudi Arabia, including education and other social sectors. Such changes have inspired several generations to embrace the changes in Saudi Arabia.”

Both former President Mohamed Nasheed and the opposition Maldivian Democratic Party have expressed its sadness at King Abdulla’s death, calling it a loss to both his country and the whole Muslim world.



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President Yameen urges Saudis to invest in Maldives and “get warmed up for” heaven

President Abdulla Yameen has urged a visiting Saudi Arabian trade delegation to invest in the Maldives “to get warmed up” for paradise in the afterlife.

“As Muslim brothers, we all strive to go to Jannathul Firdous [paradise]. While we have a paradise in the heavenly Maldives, I urge all Saudi business people, if you are seeking to go to Jannathul-paradise in your afterlife, why don’t you get warmed up for that? Paradise is here in the Maldives,” Yameen said at a briefing this morning at Traders Hotel.

The 16 member contingent is the first Saudi business delegation to visit the Maldives. It consists of seven Saudi government officials and representatives from the private sector .

Noting existing Middle-Eastern investments in the telecoms, transport and tourism sector, Yameen invited Saudi Arabia to further invest in the energy sector, including renewable energy, real estate sectors and in developing an Islamic Financial Center in the Maldives.

The government’s landmark Special Economic Zones (SEZ) Act provides a modern legal framework to engage with investors on strategic projects, the president said.

The SEZ Act ensures investment guarantees and protection in line with international best practices, he claimed.

Since the SEZ Act’s enactment, the government has attracted substantive investor interest in several mega projects including the development of the Ibrahim Nasir International Airport, the development and relocation of Malé port and the youth city in Hulhumalé, he continued.

“With a positive outlook for economic growth, coupled with assured political stability and a liberal investment regime, there is no better time to invest here in the Maldives than now.”

Islamic Minister Dr Mohamed Shaheem Ali Saeed noted Saudi Arabia’s aid to the Maldives in the construction of an Islamic college and mosques, but said closer trade ties are essential to further strengthen relations.

“Maldives does not just want Islamic projects, but wants investment from Saudi Arabia and other Arab countries,” he said.

The trade delegation arrived in the Maldives on Wednesday after a request made to the Saudi King by President Yameen.

Saudi Arabia’s Deputy Minister for Foreign Trade at the Ministry of Commerce and Industry, Dr Abdullah A. Al-Obaid, yesterday said the visit signifies his country’s intention to enhance the bilateral relationship through trade, investment, and Islamic affairs.

“We are so proud to hear that Maldives is keeping with its Aqeeda [faith], its religion and trying to stick with it even though we have globalism effecting all countries,” he said.

In October, Saudi Arabia’s crown prince Salman bin Abdulaziz Al Saud donated US$1.2 million to a mosque project, with further plans to build 10 new mosques in the islands.

He had visited the Maldives in February to discuss potential investments and partnerships in energy, tourism, transport, and Islamic affairs, as well the provision of a soft loan facility of US$300 million for the Indian Ocean nation.

During the recent Malé water crisis – caused by a fire at the capital’s only desalination plant, unnamed Saudi donor pledged to assist the Maldives by providing US$1 million to the government’s water crisis fund.



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Saudi delegation visit Maldives to assess investment opportunities

Minister of Islamic Affairs, Dr Mohamed Shaheem has said Saudi Arabia will be informing other Arab nations about the many investments opportunities in the Maldives.

Addressing the press after a meeting with a special Saudi delegation, Shaheem stated the country was assessing means through which it can assist in developing the Maldivian economy.

“The delegates will have a meeting with officials from the Ministry of Economic Development tomorrow where they will discuss potential investment opportunities in the Maldives and how to increase outreach regarding investment,” he added.

The 16 strong delegation arrived from Saudi Arabia this morning consisting of seven Saudi government officials alongside representatives from private sector Saudi enterprises who have shown an interest in pursuing business in the Maldives.

Speaking at the meeting, Saudi Arabia’s Deputy Minister for Foreign Trade at the Ministry of Commerce and Industry Dr Abdullah A. Al-Obaid said the visit signifies his country’s intention to enhance the bilateral relationship through trade, investment, and Islamic affairs.

“We are so proud to hear that Maldives is keeping with its Aqeeda [faith], its religion and trying to stick with it even though we have globalism effecting all countries,” said Dr Abdullah.

Shaheem said that the delegation arrived after a request made to the Saudi King by President Abdulla Yameen. He also said that the delegation was due to meet with President Yameen during this visit.

In October, Saudi Arabia’s crown prince Salman bin Abdulaziz Al Saud donated US$1.2 million to a mosque project, with further plans to build 10 new mosques in the islands.

The Saudi Prince reportedly told Shaheem that he was willing to help the Maldivian government in preserving the Islamic identity of the nation and that Saudi Arabia sees the Maldives as a country of ‘special importance’.

During the recent Malé water crisis – caused by a fire at the capital’s only desalination plant, unnamed Saudi donor pledged to assist the Maldives by providing US$1 million to the government’s water crisis fund.

Vice President Dr Mohamed Jameel Ahmed visited Saudi Arabia earlier this year, meeting with the Imaam of the Grand Mosque of Makkah.

The vice president stressed the importance the government placed on enhancing ties with the Arab world and in strengthening religious unity in the Maldives.

Shortly after Jameel’s return, the government initiated its pledge to introduce Arabic lessons in schools as part of a drive to increase Islamic learning in the country.

After signing an MoU to permit flights between the Maldives and Saudi Arabia earlier this year, Mega Maldives has this week begun flights between Malé and Jeddah.



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